Deepwater Vs. Onshore Depends On ‘Flavor Of The Month’
At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.
Ascent Resources Marcellus Files For Chapter 11 Bankruptcy
Privately-held Ascent is one of several energy companies U.S. fracking pioneer Aubrey McClendon launched after leaving Chesapeake Energy in 2013.
Seadrill Postpones Court Hearing On Restructuring Plan
Drilling rig company Seadrill said in a court filing it postponed an initial hearing on its restructuring plan to Feb. 26, buying more time to consider alternative plans.
Seadrill Postpones Restructuring Plan Hearing Until Feb. 7
Seadrill’s main owner, Norwegian-born billionaire John Fredriksen, backed by Centerbridge Partners, and a group of unsecured bondholders have submitted alternative restructuring plans, and started talks earlier in January.
US Watchdog Says Court Should Demand More Info On Seadrill Restructuring
A U.S. court should dismiss the information provided by drilling rig firm Seadrill Ltd. (NYSE: SDRL) about its restructuring plan as inadequate, a U.S. government bankruptcy watchdog said in a filing on Jan. 3.
New Life For LINN
Linn Energy Inc. has been an exception in transitioning from MLP to organic growth enterprise.
The Next Restructuring Wave For Oil And Gas Producers
When price relief doesn’t materialize and debt looms, oil and gas executives may have to address a weak balance sheet. Acknowledgement is step one.
US Oil Service Firms Face Hit From Venezuela Debt Restructuring
U.S. oil service companies face hard decisions in the coming weeks on whether to continue working for Venezuela’s state-run oil company Petróleos de Venezuela SA.
Tough Commercial Real Estate Decisions Loom Large For Energy Executives
Lower-for longer oil and gas prices present another set challenge for energy companies—commercial real estate decisions.
An End Game In Venezuela
Of all the Petro States potentially sliding into the abyss, Venezuela looks like it’s holding the lead